Disney May Be Buying Twitter After All

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As reported late last night by Investor’s Business Daily:

Twitter (TWTR) shares rose late after a report that Walt Disney (DIS) is once again interested in buying the struggling social network.

The website Betaville reported, citing sources, that Twitter and Disney are “thrashing out a deal” after agreeing on a price “thought to be in the high 20s per share” late last week.

Later, Benzinga, citing a source “familiar” with the matter, downplayed the “chatter” and questioned the source.

Twitter shares rose 3.2% to 17.82 in late trading on the stock market today. But that followed the 4.3% regular-session decline to 17.26 amid a report of big job cuts this week. Twitter rose as high as as 25.25 on Oct. 5, the best since December 2015, amid  speculation that Disney, Google parent Alphabet (GOOGL), Salesforce.com (CRM) and even, by some accounts, Apple (AAPL), might make a bid for Twitter. But they all appeared to drop out, with Disney apparently wary of the caustic comments and abuse by Twitter trolls.

Yet Disney CEO Bob Iger has made no secret of his desire to boost Disney’s digital distribution channels.

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About the author

Jason Diffendal

Jason has been a lifelong fan of the Disney parks since his first visit at age 2. His biennial pilgrimages during his childhood accelerated into semi-annual visits by the year 2000, when he also Joined the Disney Vacation Club. Luckily, Jason’s bride-to-be was also a Disney fan, which allowed his infatuation with the Disney parks to continue, and ultimately culminated in their wedding at Disney's Wedding Pavilion in September 2003. Early in 2007, Jason began his involvement with the planning for what became Celebration 25, the unofficial fan gathering to commemorate the 25th anniversary of Epcot®. Soon thereafter, Jason met Tom Corless at a pin trading meet in New Jersey, and became part of the WDW News Today podcast starting with Episode 17. Jason has been involved with the WDWNT Network ever since, and can't seem to escape no matter how hard he tries.
Contact Jason at ja[email protected]

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